Or may be management deliberately announcing such a consolidation ratio so to keep short term traders away from this stock and want some strong hands who can hold the stock for longer term???? And they may change the ratio to 22:1 in the new prospectus who knows. 60mil roughly more shares will be issued under new prospectus which means there will be huge selling from 6c through to 10c jeez
DEALROOM
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.